South Korea’s Hanwha makes a strategic $13M play on “seedless” wallet tech Hanwha Investment & Securities has invested roughly 18 billion won (about $13 million) in wallet infrastructure provider Kresus Labs, signaling a decisive institutional bet on wallet security and tokenization infrastructure as the next phase of digital-asset adoption. The funding follows a memorandum of understanding the two firms signed in December at Abu Dhabi Finance Week. Hanwha says it will deploy Kresus’ technology to boost its client-facing digital-asset services and to build tokenized versions of traditional financial products — a move aimed at bridging legacy finance and on‑chain markets. What Kresus brings to the table - Wallet and infrastructure: Kresus builds both consumer- and enterprise-facing digital-asset tools, including institutional-grade wallet infrastructure and tokenization platforms designed to meet compliance and operational needs. - Seedless recovery: One headline feature is “seedless” wallet recovery — a way to restore access to a wallet without relying on the traditional 12–24 word seed phrase. That user-friendly method addresses a major onboarding and security pain point for mainstream users. - MPC security: The firm also uses multi-party computation (MPC)-based systems to secure private keys and custody workflows, a technology favored by institutions for reducing single points of failure. Why this matters Many established financial firms remain cautious about blockchain markets because of custody risks and the lack of compliant tokenization frameworks. Hanwha’s investment reflects a broader institutional trend: rather than gambling on speculative tokens, capital is flowing into infrastructure layers — custody, security, and tokenization — that can plug into existing financial systems and support real-world asset (RWA) tokenization and on-chain financial workflows. The deal underscores continued interest from traditional finance in backing infrastructure that makes crypto safer, more compliant, and more usable for mainstream clients. Read more AI-generated news on: undefined/news

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